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The question

Is it permissible to buy and trade in bank shares?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to buy or sell bank shares because they are money being exchanged for money without the condition of equality and immediate possession. Furthermore, these are usurious institutions, and it is forbidden to cooperate with them, based on the words of Allah the Almighty: (And cooperate in righteousness and piety, but do not cooperate in sin and aggression) [Al-Ma'idah: 2]. This is also due to the Prophet Muhammad's (peace be upon him) curse upon the one who consumes Riba (usury), the one who feeds it, its scribe, and its two witnesses. One must be wary of usurious transactions and repent from them, as they constitute a war against Allah and His Messenger, and are among the causes of Allah's wrath and punishment. The maximum amount an individual involved in Riba is entitled to is their principal capital.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
18137
Imported
Translation status
Source text, unreviewed
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